Close Brothers Share Discussion Threads

[hamhamham1] 15/2/2024 08:16

... and bought in, late 330s worth a punt

[albert arthur] 15/2/2024 08:08

256 on the fibs.

[dplewis1] 15/2/2024 08:05

Easy money for Wace and Millennium

[hamhamham1] 15/2/2024 07:41

I disagree re the FCA. They always come out on the side of Johnny Consumer!
F#ck Business, as some blonde bombshell once said!

[jonnybig] 15/2/2024 07:38

At last! Almost certain imo that they had to cut the dividend.

There is a good chance there will be a favourable outcome regarding the FCA review in which case the 2024 dividend may be reinstated as a special dividend on top of the 2025 dividend.

So if you're happy to make do with no dividend this year with a chance of an enhanced payment next year it's a worthwhile punt at this share price All imo and GLA!!!!

[scepticalinvestor] 15/2/2024 07:32

Oh dear. 300p open?

[dplewis1] 15/2/2024 07:20

Right call to get rid of the divi, will be interesting to see market reaction to this RNS

[hamhamham1] 15/2/2024 07:14

(I hadn't seen this before my last post)

Poss today's RNS is in reply to midnight times article?

[hamhamham1] 15/2/2024 07:01

They need to build a war chest it seems to me.
IMO, that's the divi gone initially, then either an equity raise or asset sale to generate a big lump of cash for the autumn.
Who knows? I am prob completely wrong!
(And to be fair, I guess it could be said that I am merely paraphrasing the times article.)

[hamhamham1] 15/2/2024 06:26

Worth a punt, once dust settles, even if you pay a premium on the day of say 15-20% post settlement news.
That looks later in the year it seems.
But for me, until then, it's sideways or tilt down possible?

[albert arthur] 14/2/2024 17:03

Millennium Capital have also joined Wace in the shorting.

[damanko] 13/2/2024 19:30

Good luck with that opinion 28cesar, the correction may well have overshot. Though as Ian Cowie would opine, Mr Market seldom gets this stuff wrong. Having bought a few months ago into my SIPP, luckily the tax benefit recently received allowed me to exit at a very small profit.

I'm a lucky fellah there, traders who bought at a similar time will be rueing buying late in 2023, or early 2024 and cursing their luck.

Stick or twist? Seemingly a no brainer at this time. CBG shares right now are going in only one direction, and we all know on this thread in what direction.

I feel/think that CBG is a basket case right now. Until and unless the BOD issue a statement.

d.

[28cesar] 13/2/2024 16:46

This correction has overshot in my opinion...even though a large slice of profits will disappear due to the motor finance enquiry, other income streams remain. I expect a solid rebound after results are announced in March, and the company FINALLY gives us a long awaited update.

[albert arthur] 13/2/2024 16:23

Wace now 0.62% short

[albert arthur] 13/2/2024 16:15

Wace further increased short last session (yesterday)

[drw1] 13/2/2024 11:51

Price to Book Ratio 0.38

[albert arthur] 13/2/2024 11:48

If we take out this 393 fib it's going to drop potentially under 3 on the table:INTRADAY-CBG 385.54 380.93 377.20 373.47 368.16 365.00 352.80 348.32 341.87 332.96 316.72 310.27 278.67

[jonnybig] 13/2/2024 11:04

I always thought this was overvalued when it was over £10 with an over stretched dividend and excessive p/e, trading at a premium to its peers.

So the Novartis write off and potential motor finance provision has compounded with a major correction imo, all the chickens coming home to roost!

[suetballs] 13/2/2024 10:44

Surely someone must be running a slide rule over this at £4?
Cheap as chips imo.
Suet

[cirlbunting1] 13/2/2024 10:36

Bought my last tranche and then some (below £4). Last time this stock reached below 4 was on the 21.01.09 (only once) and then in 1997.

[albert arthur] 13/2/2024 08:25

When Wace go short, all the other little funds sometimes jump in too... this does not look like a hedged Short...

[suetballs] 13/2/2024 08:22

Bargain of the century or going bust.
Suet

[scepticalinvestor] 13/2/2024 08:18

All time low?Wld take a punt but then there really is nothing positive

[dplewis1] 13/2/2024 08:06

400 going today by the looks of it .. yikes